Property profile

1000 Hwy 275 Neligh, NE 68756

OFF-MARKET
Other commercial real estate
Property ID
US57-0708773
1,744 SF 5.09 ac lot Built 1952
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The TK Starlite Drive-In Movie Theatre, established in 1952, is a drive-in cinema property on a 5.09-acre lot. The facility is configured to accommodate approximately 300 vehicles and has digital projection with audio broadcast via 89.9 FM, with operations conducted seasonally from April through September and typically featuring weekend screenings. On-site improvements include a 1,020-square-foot concession stand built in 2023 with slab-on-grade construction, metal siding and metal roofing, public water and private septic service, internet access, and warm/cool forced air HVAC. The concession stand is equipped with commercial food and service appliances and fixtures including a popcorn popper, butter dispenser, multiple warmer systems (including nacho cheese warmer/dispenser), food warmer, microwaves, deep freeze, commercial stainless steel sink with both hand-washing and service sinks, ice maker, tables, rental radios, refrigerator, and trash cans. Restroom facilities comprise a women’s restroom with three stalls (including one ADA-compliant stall), a sink, and an automatic hand dryer, and a men’s restroom with one ADA-compliant stall, two urinals, a sink, and an automatic hand dryer. Additional structures include a 48-square-foot ticket booth with wall air conditioning and a space heater, and a projection shed housing digital projection with portable air conditioning and a space heater. The property features exterior security lighting, interior fluorescent lighting, and includes a pipe-and-post galvanized metal feature planned for installation in 2025.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Total area 1,744 SF
Lot 5.09 ac (221,757 SF)
Zoning code 03-COMMERCIAL
APN 473400
UPID US57-0708773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Agricultural Supply

Location

1000 Hwy 275 Neligh, NE 68756-2020
Neligh metro Census 979700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$180k

Owner & transaction history

Zoning & alternative use

03-COMMERCIAL · Neligh, NE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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